August home sales and price report
California housing market defies tight inventory as sales and median price propel higher.
More info @ http://www.car.org/aboutus/mediacenter/newsreleases/2017releases/aug2017sales
“California’s housing market defied gravity as existing home sales and median home price registered increases on both a monthly and an annual basis in August, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Closed escrow sales of existing, single-family detached homes in California remained above the 400,000 benchmark for the 17th consecutive month and totaled a seasonally adjusted annualized rate of 427,630 units in August, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide sales figure represents what would be the total number of homes sold during 2017 if sales maintained the August pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

Housing Before and After the Crash: Taking Inventory of Our Housing Market Fears – Zillow Research
The current expansion’s length prompts questions and fears about its eventual end, especially among home builders still bearing scars of the last decade.
More info @ https://www.zillow.com/research/home-builders-market-fears-16551/
Most economists also said they believed the next recession is both unlikely to be triggered by, and will have only a moderate impact on, the housing market overall (very much unlike last decade). When asked about likely causes of the next recession, the housing market ranked behind potential geopolitical crises, monetary policy, a stock market correction, political gridlock, trade policy, fiscal policy, military action and a corporate debt downgrade. When asked to rank the next recession’s impact on housing on a zero-to-10 scale – with zero representing “no impact,” five a “moderate impact” and 10 a “severe impact” – respondents selected an impact of 6, on average; a third (34 percent) of respondents scored the effect less than 5.https://www.zillow.com/research/home-builders-market-fears-16551/ Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
September 14, 2017 at 11:02AM

Great Park Neighborhoods: The project on the old military base in Irvine came in at No. 8 with 466 sold vs. 270 a year ago, or a 73 percent jump. It ranked 12th year ago.

Rancho Mission Viejo: On land near San Juan Capistrano, it was No. 11 with 340 sold vs. 242 a year ago, or a 40 percent jump. It ranked 15th a year ago.

Baker Ranch: The Lake Forest community came in at No. 12 with 318 sold vs. 228 a year ago, or a 39 percent jump. That garnered a No. 17 ranking. Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
September 05, 2017 at 11:51AM